Bitcoin fell slightly below $60,000 in the last week of June before buyers stepped in, creating a turbulent seven days driven by major economic forces rather than anything crypto-native. According to the latest data, Bitcoin trades at $59,873, Ethereum at $1,564, XRP at $1.04, and Solana at $70.37.
What Caused the Selloff
Expectations of higher long-term interest rates, a stronger US dollar, continued ETF outflows, and a sharp decline in foreign exchange markets combined to lower the stock market. More than $1 billion in long-term closings fueled the move, a reminder of how power continues to drive long-term rates.
Where Every Treasure Landed
Bitcoin’s decline found buyers in sectors associated with long-term accumulation, which Avinash Shekhar, Co-founder and CEO of Pi42, described as the most important indicator from the week. “What is evident is not the decline itself but the one that found support,” he said in an interview with Coinpedia.
Ethereum underperformed the broader market, falling 9.84% on the week to $1,564. XRP showed resilience, losing ground against most altcoins and ending the week at $1.04, supported by sustained interest linked to growing ETF trading. Solana had a net worth of $70.37, which shows continued confidence in his development efforts. Dogecoin fell but remained bullish, ending down 11.97% for the week at $0.073, in line with its history of quick response to sentiment changes.
Capital Becomes Optional
Shekhar noticed a big change in the way money is going in the market. “Capital is making the right choice,” he said. “Instead of moving around the market, investors are differentiating between assets based on liquidity, institutional involvement and nature. This marks a significant change from previous markets, where the only upswings often lead to large rallies.”
Bitcoin ETFs recorded $1.79 billion in weekly outflows, the second weekly sell-off since their inception. The unaccounted losses of Michael Saylor and Tom Lee reached $ 24.5 billion during the week, according to the tracking chain.
What Will Follow
Shekhar said that the next move of digital assets can be determined by the number of institutions, financial indicators, and financial indicators. A rebound in ETF inflows, lower inflation, and improved global financial performance could set the stage for further recovery. Until the situation changes, he expects the markets to remain connected with more interest in the economy.
“The bigger picture, however, remains encouraging,” Shekhar said. “Institutionalization, development of blockchain infrastructure and real-world use cases continue to grow despite their near-evolutionary nature. Times of integration are increasingly becoming opportunities for powerful institutions to emerge.”
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